Jump Crypto President Kanav Kariya Steps Down, Plans Break

Quick Summary:

Kanav Kariya, President of Jump Crypto, resigned just days after it came to light that the Commodity Futures Trading Commission (CFTC) is investigating the firm’s subsidiary, Jump Trading.

The firm suffered a significant setback with a $325 million hack of Wormhole and faced considerable losses during the FTX collapse in 2022.

The company has been at the forefront of several innovations and investments that aim to stabilize and grow the digital assets market.

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Article Details

Author / Journalist: Maxwell Mutuma

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Regulation News CFTC Crypto Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-24 @ 16:16:01 (6 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 350 words

Reading Time: 2 minutes read

Sentences: 34 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21370811

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Main Topics: Crypto

Official Website: coingape.com

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Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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